Call reports 2008
BANK OF VERNON, THE — 2008
What BANK OF VERNON, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 196,100,000 | 193,525,000 | 194,559,000 | 190,234,000 |
| Total loans | 156,115,000 | 163,345,000 | 160,805,000 | 160,366,000 |
| Allowance for loan losses | 2,150,000 | 2,652,000 | 2,519,000 | 3,059,000 |
| Securities available for sale | 28,239,000 | 24,680,000 | 22,048,000 | 21,780,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 161,880,000 | 161,620,000 | 162,860,000 | 159,453,000 |
| Interest-bearing deposits | 149,553,000 | 147,642,000 | 147,444,000 | 145,919,000 |
| Noninterest-bearing deposits | 12,327,000 | 13,978,000 | 15,416,000 | 13,534,000 |
| Equity capital | 20,436,000 | 19,727,000 | 20,002,000 | 19,351,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,559,000 | 6,850,000 | 9,985,000 | 13,080,000 |
| Interest expense | 1,712,000 | 3,286,000 | 4,774,000 | 6,120,000 |
| Net interest income | 1,847,000 | 3,564,000 | 5,211,000 | 6,960,000 |
| Noninterest income | 354,000 | 598,000 | 809,000 | 995,000 |
| Noninterest expense | 964,000 | 2,105,000 | 3,109,000 | 4,292,000 |
| Provision for loan losses | 316,000 | 1,102,000 | 1,420,000 | 3,098,000 |
| Pretax income | 921,000 | 984,000 | 1,524,000 | 598,000 |
| Income tax | 468,000 | 450,000 | 608,000 | 55,000 |
| Net income | 453,000 | 534,000 | 916,000 | 543,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,949,000 | 19,698,000 | 20,080,000 | 19,375,000 |
| Total capital | 21,966,000 | 21,762,000 | 22,142,000 | 21,409,000 |
| Risk-weighted assets | 161,805,000 | 164,544,000 | 164,506,000 | 161,496,000 |
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